In a whirlwind of funding activity, several projects in the blockchain and cryptocurrency space have recently secured venture capital backing to fuel their growth and development.
Arbelos Markets secured $28 million.
Arbelos Markets, a prominent New York-based liquidity provider in the cryptocurrency derivatives market, recently secured a sizable $28 million in funding.
This investment round was led by Dragonfly Capital, with participation from Room40 Ventures, Selini Capital, Breed VC, FalconX, and Circle Ventures.
Founded by Joshua Lim and Shiliang Tang, Arbelos aims to strengthen its quantitative trading infrastructure, expand its product offering and strengthen its market presence with the newly acquired capital.
Lagrange Labs raised $13.2 million.
Lagrange Labs, a New York-based blockchain computing startup, recently secured seed funding worth $13.2 million.
This investment round was led by Founders Fund, with participation from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, and Mantle Ecosystem Fund.
Founded by a team of experienced experts in the blockchain field, Lagrange Labs aims to improve the way computations are performed on blockchain networks.
ZKM secured $5 million.
Ethereum scaling startup ZKM recently secured $5 million in pre-seed funding, with OKX Ventures leading the round.
Other notable participants include Amber, Metis Foundation, and Crypto.com. This funding is a significant milestone for ZKM, which aims to improve Ethereum’s scalability solutions.
The support from major investors highlights the growing interest in Ethereum (ETH) development and the importance of scaling solutions in the blockchain space.
ZKM’s innovative approach and strategic partnerships position it as a promising player in the Ethereum expansion ecosystem.
Volta raises $4.1 million
Volta, a Las Vegas-based non-custodial cryptocurrency platform, has raised $4.1 million in seed funding to develop its institutional-focused infrastructure.
This investment round was co-led by Fika Ventures and Haven Ventures, with participation from Soma Capital, Dispersion Capital, and Uphonest Capital.
Volta’s flagship product, Volta Circuit, is a multi-signature non-custodial platform designed to provide institutional investors with increased speed, security, and compliance.
The platform aims to solve scalability, security and performance issues by integrating smart contract wallets with direct on-chain enforcement of governance and policy controls.
Hemera has identified $2.6 million in funding.
Hemera, a San Francisco-based web3 infrastructure startup, has raised $2.6 million in funding co-led by LIF Capital and Nomad Capital.
High-profile angel investors also participated in this investment round, including SNZ, Chainlink and ZetaChain founders, Sending Labs, Wish co-founder Danny Zhang, and Microsoft senior vice president and AI expert Harry Shum.
LIF Capital Managing Partner Jane Smith said Hemera’s decentralized indexing and data processing approach has the potential to open up new possibilities for Web3 developers and users.
“We are excited to support the team as they work to build a more scalable and efficient web3 ecosystem,” she added.
Hemera’s architecture is tailored to be compatible with large language models (LLMs) and a broader range of AI models, facilitating seamless integration with cutting-edge technologies.
Crestal Network raises $2 million.
Crestal Network, a San Francisco-based performance proof services marketplace for Web3 developers, has raised $2 million in pre-seed funding.
A diverse group of investors participated in the effort. These include Lingfeng Capital, Cogitent Ventures, Kyro Ventures, Veris Ventures, Smape Capital, MH Ventures, LayerLabs, Pragma Ventures, Builder Capital, NxGen.lens, Artemis Capital, and Quotient Ventures.
Lingfeng Li, Managing Partner of Lingfeng Capital, emphasized that Crestal Network’s approach to building a decentralized, performance-driven marketplace for Web3 services is exactly what the industry needs today.
He expressed enthusiasm for supporting the team’s efforts to improve the accessibility and efficiency of Web3 development for all stakeholders.
Moso has secured $2 million in seed funding.
Moso, a Los Angeles-based shop-to-earn platform that integrates online shopping and cryptocurrency rewards, has raised $2 million in seed funding. This investment round was led by Symbolic Capital and Dao5, with additional participation from Coinlist and Polygon Ventures.
Moso allows users to earn cryptocurrency rewards while shopping online, enhancing the e-commerce experience with blockchain technology.
With the backing of investors such as Symbolic Capital, Dao5, Coinlist, and Polygon Ventures, Moso aims to revamp its platform, expand its user base, and solidify its presence in the shop-to-earn market.